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Nov 12, 2012
11/12
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i think you heard john boehner say that already. we've had votes in the senate where we've actually gotten rid of tax credits. i think that's a given. and i think the vast majority of americans agree with that. the question is how do you do that and how do you allow taxes to rise at the same time you fix the real problem? and the real problem is uncontrolled entitlement spending and a government that has grown massively. not just under this administration, under republican administration. >> let me turn to senator schumer on this point. >> so you have to approach both sides of it. >> let me turn to senator schumer. i'm going to ask you the same question. if the mandate is compromised, what do democrats have to be prepared to accept as a painful outcome in order to achieve compromise? >> well, i agree with you, the mandate is compromise. that's why we have a divided house and senate. and i think if the house stands for anything it's cut government spending, as tom coburn said, and i think we're going to have to do more of it. we hear
i think you heard john boehner say that already. we've had votes in the senate where we've actually gotten rid of tax credits. i think that's a given. and i think the vast majority of americans agree with that. the question is how do you do that and how do you allow taxes to rise at the same time you fix the real problem? and the real problem is uncontrolled entitlement spending and a government that has grown massively. not just under this administration, under republican administration....
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Nov 16, 2012
11/12
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two years later, what moment are we in as boehner enters? >> this is a magic moment, i really do. it is a moment when our generation has a chance to do something about this problem that we created. it is our generation that got us into this mess, and we ought to get ourselves out. we got a good chance. you got a second-term democrat president who has come out and said he is willing to put entitlements on the table. big deal. you've got a speaker, a republican speaker, who really gets at, who really understands the depths of the problems we face, and he has come out and said we are going to put revenues on the table. big move. he got at least half the members of the senate already saying they will support a balanced plan, which makes a lot of sense. we have got the business community lined up firmly against -- for doing something smart, and i guess most importantly, we got this fiscal cliff where if we go over it, we are going to face the most predictable economic crisis in history. fortunately for all of us, it is also the most of voidable. this is the magic moment to get somethin
two years later, what moment are we in as boehner enters? >> this is a magic moment, i really do. it is a moment when our generation has a chance to do something about this problem that we created. it is our generation that got us into this mess, and we ought to get ourselves out. we got a good chance. you got a second-term democrat president who has come out and said he is willing to put entitlements on the table. big deal. you've got a speaker, a republican speaker, who really gets at,...
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Nov 13, 2012
11/12
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FBC
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to be speaker boehner, a lot of publicans running with tail between their tails here. on deep end like tax, immigrations and reform. they may be caving onssues that tea partiers held near and dear. dick armey, a big tea party player, freedom works, how do you feel about that for one of a better term, dressing down on part of speaker boehner on republican troops, tea partiers included. many, made him the speaker. >> well, let me say i love john boehner like a brother, i don't envy him the position he is in. but i am also reminded of what ronald reagan taught us years ago, good polic makes good politics, john boehner needs to emphasis economic growth, is the way to get increed revenue. and there is two ways to -- two imperatives, dress down reduce, and discipline our government run among so there is confidence to grow in private sector then a tax system that accommodates that growth. you will dress a tax system of this country, from theoint of view of what is fair, have you taken the most simple minded way to address taxes. taxes are about raising the necessary revenue t
to be speaker boehner, a lot of publicans running with tail between their tails here. on deep end like tax, immigrations and reform. they may be caving onssues that tea partiers held near and dear. dick armey, a big tea party player, freedom works, how do you feel about that for one of a better term, dressing down on part of speaker boehner on republican troops, tea partiers included. many, made him the speaker. >> well, let me say i love john boehner like a brother, i don't envy him the...
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Nov 12, 2012
11/12
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when you see boehner calling the caucus and say, hey, let's aavoid the nasty showdowns. that's saying let's not be hostage takers. you see obama learning how to deal with the caucus. let's extend the middle class tax cuts, right now, let's do it. he puts them in a bad position and making it look like, look, middle class, they are not giving you what you need. so learning how to work with them, learning that we have to have some compromise, i see some tea leaves that we may have a better next couple of years. we'll see. >> it will be interesting, if a deal is struck. i don't think it will nearly as good as for republicans as the deal that the president offered them. the grand deal that had been offered before. you know, in some ways i actually think the problem for republicans and for conservatives is that a lot of their ideas and principles have actually won. you know, since ronald reagan we no longer have 70% tax rates on the highest income earners. nobody is arguing for that. we're arguing to go back to 39.6%. on health care reform, the president's health care reform w
when you see boehner calling the caucus and say, hey, let's aavoid the nasty showdowns. that's saying let's not be hostage takers. you see obama learning how to deal with the caucus. let's extend the middle class tax cuts, right now, let's do it. he puts them in a bad position and making it look like, look, middle class, they are not giving you what you need. so learning how to work with them, learning that we have to have some compromise, i see some tea leaves that we may have a better next...
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Nov 14, 2012
11/12
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how will it affect the upcoming talks with john boehner? two top-tier negotiators give their insight into how the meeting could unfold. >>> and trading places. charles schwab ceo talks exclues i havely to maria about the current crisis of confidence in the stock market. could a deal on the looming fiscal cliff be just the shot in the arm sagging equities need? that and a whole lot more is ahead on the "closing bell." >>> all right. we want to show you a live picture of the white house. we are waiting for the ceos to start tricking out of the white house. they are in a meeting right now with president obama talking about the fiscal cliff, talking about ways to get the deficit and debt situation in this country in order. as soon as those ceos start coming out, they include the ceo of honeywell, ibm, a number of ceos in industrial businesses. of course, the only financial services representation there is american express. no other bank was invited to this meeting. as soon as these guys and gals start walking out, we'll bring you some interview
how will it affect the upcoming talks with john boehner? two top-tier negotiators give their insight into how the meeting could unfold. >>> and trading places. charles schwab ceo talks exclues i havely to maria about the current crisis of confidence in the stock market. could a deal on the looming fiscal cliff be just the shot in the arm sagging equities need? that and a whole lot more is ahead on the "closing bell." >>> all right. we want to show you a live picture...
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Nov 13, 2012
11/12
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CNBC
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there are -- boehner says down payment now. buy the boehner down payment zbh i don't like the down payment. i would be sorely disappointed if we missed this opportunity. i think somebody was telling me today the budget act of 1990 took 12 days to put in place. we know what all the issues are. i hope we won't be lacking courage just to go ahead and deal with big pieces of this. so -- i am in a different place than you on this. i think we ought to deal a -- in a big way with the fiscal reform. >> you want to grant design. that's very -- interesting point of view. >> doesn't have to be grand. we play to take two bites at it, debt ceiling coming up which i think, by the way, debt ceiling is the more important day personally than the fiscal cliff issue because we are not fiscal cliff is not going to happen. okay. simply is not going to happen. so -- to me, the focus ought to be on solvency and if we can deal with that and take a big step out of that, big step towards solving that, during this december, i agree with you. i think the
there are -- boehner says down payment now. buy the boehner down payment zbh i don't like the down payment. i would be sorely disappointed if we missed this opportunity. i think somebody was telling me today the budget act of 1990 took 12 days to put in place. we know what all the issues are. i hope we won't be lacking courage just to go ahead and deal with big pieces of this. so -- i am in a different place than you on this. i think we ought to deal a -- in a big way with the fiscal reform....
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Nov 16, 2012
11/12
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the most interesting thing, though, from the boehner aide was that john boehner believes there is not enough time from now until the end of the year to actually have a grand bargain. there's enough time, though, to put together the framework for what a grand bargain would look like. essentially have the top lines agreed to that by sometime in 2013 you could have both the chambers, the senate and the house, come together on some substantial tax reform, entitlement reform, and get rid of the sort of automatic cuts that we see as a sequester, and the tax increases and have a mechanism you can replace them with. listen to the congressional leaders in their photo op in the white house before thanksgiving that they had today. >> we've put revenue on the table, as long as it's accompanied by significant spending cuts. >> we have a cornerstones of being able to work something out. we're both going to have to give up some of the things that we know are a problem. >> we should have a goal in terms of how much deficit reduction. we should have a deadline before christmas. >> we fully understand
the most interesting thing, though, from the boehner aide was that john boehner believes there is not enough time from now until the end of the year to actually have a grand bargain. there's enough time, though, to put together the framework for what a grand bargain would look like. essentially have the top lines agreed to that by sometime in 2013 you could have both the chambers, the senate and the house, come together on some substantial tax reform, entitlement reform, and get rid of the sort...
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Nov 12, 2012
11/12
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boehner and his supposed mandate right now? >> well, i think that he said that the election would be a mandate, it was, and he lost. and i think that the important point about the crystal comment is that there's now a wedge in the republican party that the president needs to exploit. there's a wedge between the realist wing and the kind of fa fantasy, childish wing. the realist wing understands the president has a mandate. democrats won the presidency and the senate. we won a majority -- we won the popular vote if you add up the house races as well. look, i think it's in both parties' interest to avoid the fiscal cliff. neither of them want it for a whole host of reasons, including it will be damaging to the economy. we learned recently that president obama in august of 2011 was kind of ready to do a nixon goes to china moment on entitlements and i think that's still on the table. have real entitlement reform. on taxes it's as bill clinton said. it's simple math. spending is at 24% of gdp. taxes are at about 15% of gdp right no
boehner and his supposed mandate right now? >> well, i think that he said that the election would be a mandate, it was, and he lost. and i think that the important point about the crystal comment is that there's now a wedge in the republican party that the president needs to exploit. there's a wedge between the realist wing and the kind of fa fantasy, childish wing. the realist wing understands the president has a mandate. democrats won the presidency and the senate. we won a majority --...
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Nov 18, 2012
11/12
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FOXNEWSW
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you know, when john boehner appears, they say are you willing to accept higher rates. no one says what are you going to do about entitlements or anything, there's no question of the president whether he will compromise and what that would look like. >> paul: steve, what do you think the republicans ought to do here? is there a way out for them or are they going to be pushed back into a corner where they have no choice, but to concede that they have to raise tax rates or else go over the cliff and get blamed for that? >> well, it's a tough situation for them. there's no question about it because as you know, the default position, if we don't do anything is for the taxes to go up on everybody on january 1st, and that's something i think both sides want to avoid. it's very interesting, the thing that happened this week to start the week, was who was the first person that barack obama met with in the white house since his election, the labor unions, the labor block, that tells a lot who is driving policy at least at the start of the second term? and the labor unions basica
you know, when john boehner appears, they say are you willing to accept higher rates. no one says what are you going to do about entitlements or anything, there's no question of the president whether he will compromise and what that would look like. >> paul: steve, what do you think the republicans ought to do here? is there a way out for them or are they going to be pushed back into a corner where they have no choice, but to concede that they have to raise tax rates or else go over the...
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Nov 19, 2012
11/12
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you see what nancy pelosi said, what john boehner has been saying. then you go back to the president's press conference taking a pretty tough decisive tone on susan rice and then you look at what's happening and also his position on the tax increases. take all of that together, it looks like more of the same. do you sense and from your reporting are we just having people circle each other or are their feet in stone? >> i think there's still some areas where people can get to the right place. the two things i keep thinking about is the business community, i think, what steve says is exactly right. it seems like from the outside, what they want more than anything is certainty. it's not just moment to moment. it's minute to minute. it's crisis to crisis. and that is an atmosphere that's not conclusive towards optimal economic activity. this notion of trying to get to long-term stability but not having short-term austerity measures would be too depressed on consumer activity seems like where we need to end up and a lot of pressure from republicans to the
you see what nancy pelosi said, what john boehner has been saying. then you go back to the president's press conference taking a pretty tough decisive tone on susan rice and then you look at what's happening and also his position on the tax increases. take all of that together, it looks like more of the same. do you sense and from your reporting are we just having people circle each other or are their feet in stone? >> i think there's still some areas where people can get to the right...
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Nov 19, 2012
11/12
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two, house leader boehner has to get re-elected by his party in january. he's not going to put a big deal in front of that. flip side is, no deal. i don't think the president will let that happen because he doesn't want to start his second term as president the way he started the first which was in a recession. but finally, what people fail to forget -- congress needs to go home for holidays. if they go home with no deal they will be criticized by their constituents. >> there are very few working days left when congress comes back from this thanksgiving break. >> remember what happened. t.a.r.p.? they didn't approve it. went home for the holidays, got criticized, came back and approved it. >> you see some stort of stopgap that averts the immediate tax hikes an spending cuts as of january 1, and that there is then some commitment to do a broader tax reform in 2013. >> correct. >> and that might be tied to raising of the debt ceiling. might'nt it. >> i think that's the next big date, mid-february when the treasury runs out of money, the debt ceiling is hit.
two, house leader boehner has to get re-elected by his party in january. he's not going to put a big deal in front of that. flip side is, no deal. i don't think the president will let that happen because he doesn't want to start his second term as president the way he started the first which was in a recession. but finally, what people fail to forget -- congress needs to go home for holidays. if they go home with no deal they will be criticized by their constituents. >> there are very few...
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Nov 16, 2012
11/12
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what did traders seem to say as you were getting comments from reid, pelosi, boehner and mcconnell? >> trading's so low on the lower end of the trading range, i mentioned yesterday, scott, 1340. we flirted with it today. 1343 the low in the cash. we bounced from there. bounce levels are 1370, 1395. the fact that we're just shy of that, just means that everyone is a little suspect of what's truly going to happen once these fiscal cliff dialogues ratchet up. i would be a seller of these bounces. >> what a significant pop seeing in the stock market, guys. throw up the dow industrials on an intraday. in fact, throw up all three intraday charts because you're going to see quite a dramatic reversal. the dow industrials up 48 points. highs of the day, again, down 50 to 60 points or so as the wraps wrapping up and positive comments of the leaders in the room with the president today. unless you have a rally on wall street and let's get to washington to the north lawn of the white house where john harwood is. this seemed to go as well as one could hope thus far, at least. >> reporter: i thin
what did traders seem to say as you were getting comments from reid, pelosi, boehner and mcconnell? >> trading's so low on the lower end of the trading range, i mentioned yesterday, scott, 1340. we flirted with it today. 1343 the low in the cash. we bounced from there. bounce levels are 1370, 1395. the fact that we're just shy of that, just means that everyone is a little suspect of what's truly going to happen once these fiscal cliff dialogues ratchet up. i would be a seller of these...
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Nov 16, 2012
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>> well, i think speaker boehner has struck the right tone. clearly both from election -- the day after the election and including today we had the opportunity to meet with leader pelosi afterwards who was very encouraging about the meeting that took place in the white house, and i think boehner has always been, who is an institutionalist, has always cared deeply about this and would have struck the right deal. it's always been that element within the republican conference that has kept him from getting there, but i see a different kind of resolve and obviously, martin, for the interests of the country we hope that they don't lead us off this cliff that, as you point out, is artificially created by them, and so there's -- i think there's great hope that we can get this accomplished and set up the framework for the next session. >> okay. well, i want to play something for you of that encapsulates the outlook of some republicans. listen to this. >> i mean, it's a proven political strategy, which is give a bunch of money from the government to a
>> well, i think speaker boehner has struck the right tone. clearly both from election -- the day after the election and including today we had the opportunity to meet with leader pelosi afterwards who was very encouraging about the meeting that took place in the white house, and i think boehner has always been, who is an institutionalist, has always cared deeply about this and would have struck the right deal. it's always been that element within the republican conference that has kept...
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Nov 14, 2012
11/12
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the president didn't offer any specific thing along the lines what have we heard from john boehner last week, okay, we're there on reven on the table, we'll meet you there. i didn't hear any specific -- >> don't we already have a structure? wasn't that erskine-bowles? it is another committee. >> it is a step back i think from the idea of a deal right now that would trade entitlement reform for tax increases. it sounds to me like it's tax increases for the wealthy in return for a commitment to discuss entitlement reform. >> what you did hear from the president is a statement that the american people knew what they were get what they re-elected me. he also said there is a big contrast between me and mitt romney on the campaign trail and i'm the guy who won the election. >> as one of our smart viewers tweeted in which i thought was so smart -- it's all fun and games until you have to name specific entitlements you want to cut. right? we need more specifics from both sides. all right, going to a break here but after the break, steve leisman, stick around. we also have something today called
the president didn't offer any specific thing along the lines what have we heard from john boehner last week, okay, we're there on reven on the table, we'll meet you there. i didn't hear any specific -- >> don't we already have a structure? wasn't that erskine-bowles? it is another committee. >> it is a step back i think from the idea of a deal right now that would trade entitlement reform for tax increases. it sounds to me like it's tax increases for the wealthy in return for a...
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Nov 17, 2012
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that's what boehner wants to do. what boehner said the day after the zbl the -- >> no, let me pick you up on that. that would be very bullish. i happen to totally agree with you. and that's exactly what speaker john boehner wants to do. that is precisely what he wants to do. essentially have tax reform and have entitlement reform and have it laid out so it it all gets done next year. this year is the down payment. >> that's right. >> now, don, is it too early, though, to make a bet on any of this? that's really what i'm asking. between now and year end, when the bush tax cuts expire at year end, what's a stock market investor to do? you're going to go up, you're going to go down. you saw today you had a is 00-point swing. but that's no way to be invested. what is your advice on how investors play this fiscal debate? >> i understand the sentiment that the wise thing to do is to take a long-term perspective. but every once in a while we experienced this in the summer of 2008. we're experiencing it again now. every once
that's what boehner wants to do. what boehner said the day after the zbl the -- >> no, let me pick you up on that. that would be very bullish. i happen to totally agree with you. and that's exactly what speaker john boehner wants to do. that is precisely what he wants to do. essentially have tax reform and have entitlement reform and have it laid out so it it all gets done next year. this year is the down payment. >> that's right. >> now, don, is it too early, though, to make...
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Nov 12, 2012
11/12
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second, he's rejecting the john boehner approach which is boehner saying i'll agree to revenues as long as they come as a result of economic growth. in other words, we won't legislate changes in taxes. we'll hope that revenues go up. he's saying no, that won't work for me. you're not going to legislate spending cuts. this is the president talking. not legislate revenue changes as well. >> bill: all right. so there are -- the most immediate decision maybe facing the congress is that as you point out, all of the bush tax cuts expire. which means not only the taxes -- tax cuts for the wealthy expire, the tax cuts for those making under $250,000 a year expire as well. so the president said friday all right, the senate has already passed a bill which would give extended tax cutless for the 98%, those making under $250,000. but let the ones for the wealthier people and defined as over $250,000 expire. and he challenged the house of representatives to pass that. what do you think -- so this is a real -- to me, this is like they've got the gun to their head. are you going to pass the tax cut fo
second, he's rejecting the john boehner approach which is boehner saying i'll agree to revenues as long as they come as a result of economic growth. in other words, we won't legislate changes in taxes. we'll hope that revenues go up. he's saying no, that won't work for me. you're not going to legislate spending cuts. this is the president talking. not legislate revenue changes as well. >> bill: all right. so there are -- the most immediate decision maybe facing the congress is that as you...
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Nov 12, 2012
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so john boehner is in a very difficult spot. we've seen some movement that republicans are willing to put some tax revenue on it, but as boehner said over the weekend, he's not going to raise tax rates. and obama is insisting on that. so i don't think you're going to get, see any type of deal this week when congress comes back. there'll be more leverage games, and we're going to probably go deep into december raising the question, are we going to get a deal? jenna: what do you think? >> i think eventually they are going to get a deal, but i think it'll probably be a two-step process where they get some type of down payment on tax reform and then do something larger in the new year with the new congress being sworn in. so, but how do you do that, how do you have one-step process? i think you've got to have the parameters of what you're going to do next year now. boehner does not want a huge deal in the lame duck. he says that the new congress should be in session when you're going to do this, the newly-elected people. so it's goi
so john boehner is in a very difficult spot. we've seen some movement that republicans are willing to put some tax revenue on it, but as boehner said over the weekend, he's not going to raise tax rates. and obama is insisting on that. so i don't think you're going to get, see any type of deal this week when congress comes back. there'll be more leverage games, and we're going to probably go deep into december raising the question, are we going to get a deal? jenna: what do you think? >> i...
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Nov 16, 2012
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. >> reporter: in the meeting, house speaker john boehner proposed leaders establish a framework in the next six weeks for wide scale reform of the tax code, medicare, and social security in 2013. the goal would be to set specific targets now for savings from those reforms. that would negate the need for steep spending cuts congress called for last year that are set to kick in on january 1, the same day the bush tax cuts are set to expire. that damaging combo has been come to be known as the fiscal cliff. while democrats often balling at any mention of entitlement reform, today nancy pelosi signaled a new openness. >> do we want to have savings from everything that we do? certainly? so we need revenue, we need savings, we need growth. >> reporter: leader pelosi said there appeared to be interest in a big deal, about four trillion dollars worth of deficit redictions along the lines of the grand bargain that fell apart wean the president and speaker boehner last year, anthony. >> mason: nancy, there are just 46 days until the new year. what can they really hope to accomplish in that time?
. >> reporter: in the meeting, house speaker john boehner proposed leaders establish a framework in the next six weeks for wide scale reform of the tax code, medicare, and social security in 2013. the goal would be to set specific targets now for savings from those reforms. that would negate the need for steep spending cuts congress called for last year that are set to kick in on january 1, the same day the bush tax cuts are set to expire. that damaging combo has been come to be known as...
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Nov 14, 2012
11/12
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thank you. >> so now that we have accepted even in boehner land that obama care is the law of the land, do you think that this will make the american health care system better? >> absolutely. i think that we are entering a period of time where we can get down to the very hard work that needs to be done to improve the health care of nation. and now that we are past the election and all sides agree that the affordable care act is the law of the land it gives the patients in the country, this country a much greater deal of certainty and security that our health care system is going to be there for them if they need it. >> well, arkoosh i think in addition to the fact we live in a nation where we're taxed for merely existing, there are still some people who aren't decided about obama care. in fact, politico had exit polling after the election showing the country's split down the middle on whether obama care should be repealed, partially or interly or kept. "forbes" has an article out called "five ways to protect yourself against obamacare." a concern is a doctor participate in a mass exodu
thank you. >> so now that we have accepted even in boehner land that obama care is the law of the land, do you think that this will make the american health care system better? >> absolutely. i think that we are entering a period of time where we can get down to the very hard work that needs to be done to improve the health care of nation. and now that we are past the election and all sides agree that the affordable care act is the law of the land it gives the patients in the...
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Nov 14, 2012
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house speaker john boehner kicked things off there. nothing directly in terms of commenting about what the president said today about wanting to raise the tax rates on the highest income earners. the american people need to see us act courageously and lead boldly and expects the president to do the same. >> the president didn't say much. the president was very vague. he didn't say anything about spending cuts and didn't talk about entitlements but just about doubling up the tax bigs. that sounds like a guy who is digging in. it doesn't sound constructive on a day when i thought the president was very aggressive and his tone did not send one conciliatory feel. >> sounds like stalemate. >> that's digging in your heels. i don't think that is particularly market bullish. >> not given the action we saw today. >> thanks for stopping by. it is time to set the record straight when it comes to net flex. how likely is a deal? our traders have answers. big lockup expiration brings a day of reckoning for facebook. telling you what to watch for. ho
house speaker john boehner kicked things off there. nothing directly in terms of commenting about what the president said today about wanting to raise the tax rates on the highest income earners. the american people need to see us act courageously and lead boldly and expects the president to do the same. >> the president didn't say much. the president was very vague. he didn't say anything about spending cuts and didn't talk about entitlements but just about doubling up the tax bigs. that...
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Nov 13, 2012
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remember the talks about boehner and the negotiations on the debt ceiling. he got 98% of what he wanted. so the conversation used to be we will cut the deficit through spending cuts. now within the space of a week, the same people, glen hubbard who was romney's chief economic adviser slated to be the federal reserve head if romney had won has an op-ed in the financial times today saying the first thing we should do is focus on more revenues and the way to get that is from capping deductions for the wealthy. so it's extraordinary the shape of the the rhetoric that's coming from republicans in the the last week has really changed a great deal. i think they recognize, even if obama doesn't recognize and even if most centrist democrats don't recognize it, they hold all the cards here. >> so who's the god you're referring to there? >> grover norquist? i'd say it's more a collection of dayties who said the first -- >> but that's the point. republican leaders and some republican thought leaders might be coming around that we have a deal here. but the reason for the
remember the talks about boehner and the negotiations on the debt ceiling. he got 98% of what he wanted. so the conversation used to be we will cut the deficit through spending cuts. now within the space of a week, the same people, glen hubbard who was romney's chief economic adviser slated to be the federal reserve head if romney had won has an op-ed in the financial times today saying the first thing we should do is focus on more revenues and the way to get that is from capping deductions for...
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Nov 16, 2012
11/12
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CSPAN2
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president obama met at the white house with key congressional leaders including house speaker john boehner, house democratic leader nancy pelosi, senate majority leader harry reid and a republican mitch mcconnell. the first meeting since the election. they discussed what to do about expiring busheir tax reductions and across-the-board spending cuts set to hit in january called the fiscal cliff. they allowed cameras in the room before the talks. >> i want to welcome the congressional leadership and thank them for their time. we have -- factors don't go on middle class families that our economy remains strong and we are creating jobs and and that's the agenda that democrats and republicans and independents all across the country share so our challenge is to make sure that we are able to capri together and work to find common ground, make compromises and build consensus. all of us agree on this they want to see us focused on that but not our politics here in washington. my hope is this is the beginning of a process where we are able to come to an agreement that will reduce our deficit in a ba
president obama met at the white house with key congressional leaders including house speaker john boehner, house democratic leader nancy pelosi, senate majority leader harry reid and a republican mitch mcconnell. the first meeting since the election. they discussed what to do about expiring busheir tax reductions and across-the-board spending cuts set to hit in january called the fiscal cliff. they allowed cameras in the room before the talks. >> i want to welcome the congressional...
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Nov 12, 2012
11/12
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MSNBC
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boehner still doesn't control his caucus. we don't have to ask what the american people wanted. president obama ran on an explicit program of raising taxes on top earners. and boehner is still talking about the romney plan, mess around with loopholes and take away loopholes from top earners. that was romney's plan and romney lost. the president holds the cards here. the world won't come to an end on january 1st if all the rates expire. it's more of a curve. i think we can afford to go off it. >> we'll see. as we quickly approach it. my thanks to the power panel today. i really appreciate your time today. >>> coming up next, a bipartisan plan to fix the nation's debt. the co-chairs are going to join me, ed rendell and former new hampshire senator judd gregg will join me to talk about this. we want to know what you think. should general petraeus have resigned? tweet me your thoughts about this or find me on facebook. oun] today, jason is here to volunteer to help those in need. when a twinge of back pain surprises him. morning starts in high spirits, but there's a growing pain in
boehner still doesn't control his caucus. we don't have to ask what the american people wanted. president obama ran on an explicit program of raising taxes on top earners. and boehner is still talking about the romney plan, mess around with loopholes and take away loopholes from top earners. that was romney's plan and romney lost. the president holds the cards here. the world won't come to an end on january 1st if all the rates expire. it's more of a curve. i think we can afford to go off it....
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Nov 12, 2012
11/12
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FBC
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continued uncertainty despite the president's comments and john boehner's comments. cheryl: we're looking at what we've been seeing over the last couple of months and you are saying kind of be prepared for that. a lot of the guests have come on and said you know, there's problems with earnings, but also you can't ignore that spike to the down side after the election. what did you make of all of that last week? what did you read into that? >> well, i mean, heading into the election, there was a lot of sentiment that the the market, the financial markets would have preferred a republican winner. cheryl: sure. fiscally more responsible if their view. -- in their view. >> correct. there's a few there's a lot of financial regulation presently and more to come. a lot of that at least from professional investors is probably where they were on wednesday. cheryl: they were waiting to see. >> i think that's going to settle off. i don't think you will see 300 point swings. you might see back again -- i'm quoting that period of july and august 2011, you could see 100, 150 on any
continued uncertainty despite the president's comments and john boehner's comments. cheryl: we're looking at what we've been seeing over the last couple of months and you are saying kind of be prepared for that. a lot of the guests have come on and said you know, there's problems with earnings, but also you can't ignore that spike to the down side after the election. what did you make of all of that last week? what did you read into that? >> well, i mean, heading into the election, there...
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Nov 16, 2012
11/12
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MSNBCW
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here's speaker boehner on the chances of cutting a deal. here it is. >> if you've looked closely at what the president had to say and look closely at what i have had to say, you know, there are no barriers here to sitting down and beginning to work through this process. >> ruth conniff, i really don't know what that means. do you? >> it makes me nervous because i don't really want to see us moving that close to boehner. and, you know, it's interesting. i talked to economist dean baker, he's the economist in america who showed that the housing bubble was a threat back in 2002. before it actually popped in 2005. he has a lot of credibility. he said the best deal might be no deal. if obama can go into these negotiations and say this fiscal cliff is not going to impact people on january 2nd, it's recessionary, but he could get the two main things he campaigned on, even if there's no deal, which is an instant hike on the very rich and no touching of social security, medicare and medicaid. then the republicans just as e.j. points out would have t
here's speaker boehner on the chances of cutting a deal. here it is. >> if you've looked closely at what the president had to say and look closely at what i have had to say, you know, there are no barriers here to sitting down and beginning to work through this process. >> ruth conniff, i really don't know what that means. do you? >> it makes me nervous because i don't really want to see us moving that close to boehner. and, you know, it's interesting. i talked to economist...
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Nov 12, 2012
11/12
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FOXNEWSW
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boehner rejects the idea of letting the bush administration upper income tax cut expire. >> instead of raising tax rates on american people and accepting the damage it will do to the economy, let's start to solve the problem. >> focus on tax reform to closeer the loopholes and lower tax rate. >> tax reform in seven weeks before the end of the year is a tall if not impossible task. some lawmakers want to buy time. others don't believe lowering tax rate raises revenue. >> fairly tell. we need the republicans to do in 2012 what we did in 2010. we hear the mandate. continue to cut spending. they have to hear the mandate. >> the players haven't changed but instead of huddling around the table in the cabinet room as he and congressional leaders did in failed negotiation last year, the president may hold series of post thig rally to lock in the bush administration middle income tax rate, that conservative commentator bill crystal suggests is a no-brainer. >> it won't hurt the country if we raises a little bit on millionaires. it won't. >> why would they fall on the sword for millionaires half
boehner rejects the idea of letting the bush administration upper income tax cut expire. >> instead of raising tax rates on american people and accepting the damage it will do to the economy, let's start to solve the problem. >> focus on tax reform to closeer the loopholes and lower tax rate. >> tax reform in seven weeks before the end of the year is a tall if not impossible task. some lawmakers want to buy time. others don't believe lowering tax rate raises revenue. >>...
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Nov 14, 2012
11/12
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MSNBC
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for boehner, he wants a deal. i do want to comment a second on the interview you had with paul ryan. ryan might not think that there is a mandate, but the president does, congressional democrats do, and the public does, if you look at polling. and there's zero chance that the president is going to compromise on this, which is why i think there's a decent chance all the tax cuts go away at the end of the year. the president put down a marker yesterday saying $1.6 trillion in total revenue that he wants to raise. i don't think that's the real number. i think that's a negotiated number. but you know the floor is $800 billion because that's what he had last year when he had a much weaker hand. so the number falls in between 800 and $1.6 trillion. you can't get to that number by just closing loopholes. there's no way congress is going to get rid of the charitable tax deduction. there's no way that we're going to change the dynamics in the housing market when the housing market is starting to recover by getting rid of t
for boehner, he wants a deal. i do want to comment a second on the interview you had with paul ryan. ryan might not think that there is a mandate, but the president does, congressional democrats do, and the public does, if you look at polling. and there's zero chance that the president is going to compromise on this, which is why i think there's a decent chance all the tax cuts go away at the end of the year. the president put down a marker yesterday saying $1.6 trillion in total revenue that...
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Nov 16, 2012
11/12
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WRC
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he gave boehner a birthday gift of a bottle of wine. >>> a stunning security breach. mother who crashed through a gate and started driving down an air port runway with her child in the car. >>> the frightening moment a driver plowed straight into a police officer. >>> and the beltway becomes the santa express. how old st. nick took t >>> you ready tonight on news4 at 5:00, we're giving away tickets to hot 99 sold out jingle ball concert featuring justin bieber, casha, flo ridea, and psy gangnam style. look for the secret star of the day, then enter the name on nbc washington for your chance to win. each day we're giving a pair of tickets for vip floor seats. and one winner will get a meet-and-greet with one of the jingle ball artists. >>> in just a matter of hours, the brand-new 495 express lanes will be open to the public. but one very special driver got to take a test run on the new road today. megan mcgrath has more on what the project means for commuters in northern virginia. >> reporter: seeing santa claus apparently has its privileges. jolly st. nick was the fir
he gave boehner a birthday gift of a bottle of wine. >>> a stunning security breach. mother who crashed through a gate and started driving down an air port runway with her child in the car. >>> the frightening moment a driver plowed straight into a police officer. >>> and the beltway becomes the santa express. how old st. nick took t >>> you ready tonight on news4 at 5:00, we're giving away tickets to hot 99 sold out jingle ball concert featuring justin...